CVC Capital Partners Acquires Sisal for €1 Billion
CVC Capital Partners announced it has further delved in to the world of gambling through another strategic acquisition. The personal equity company unveiled the purchase of Italian gambling operator and provider of re payment solutions Sisal Group S.p.A. for the total amount of €1 billion.
Sisal was established in 1946 and has since that time been providing gambling that is numerous and payment solutions for gambling clients. It’s also interesting to notice that the Milan-based business has end up being the to begin its sort to run in Italy being a Government Licensee. Sisal currently manages a lot more than 45,000 points of purchase located throughout the country.
The private equity firm has not had presence in the Italian gambling market so far although CVC Capital Partners has substantial previous experience in the gambling industry. The company is known for formerly purchasing major UK-based gambling operator William Hill. What is more, in March 2015, CVC Capital Partners acquired a majority stake in another gambling that is UK-based Sky Betting & Gaming. Of late, it had been announced that the private equity firm would also purchase German operator Tipico.
Commenting in the latest announcement, Giampiero Mazza, Head of CVC Capital Partners’ Italian group revealed that they are satisfied with the opportunity to work with and invest in Sisal once the Italian company has long ago founded itself as one of the market leaders in Italy and contains been offering diverse entertainment options around the world. Continue reading “CVC Capital Partners Acquires Sisal for €1 Billion”